Wayna Ccapac Group
The business activities of the members incluD. selling medicines, dry goods, small animals such as chickens and guinea pigs, groceries, alcoholic beverages such as “chicha”, or providing hostess services. The Communal Bank has participated in various loan cycles and the members are content and satisfied with the loans, savings, and training sessions. One ongoing aspect of the Communal Bank that is of value is the group savings account that opens the possibility for building up assets, which is what this service provides.
Yessica is a new member of the Communal Bank “Wayna Ccapac”. She is 28 years old, in a common law marriage, and has one child. Yessica earns a living by selling medicines. She says that it is difficult today in Peru to find permanent work, but she is an enterprising young woman who decided to open her own business so that she could help generate household income. She needs a loan to buy more medicines.
The members are grateful for this opportunity and commit to making their payments on time. (Members Reynaldo and Sonia do not appear in the photograph because they received permission from the directors to be absent on the day the funds were disbursed.)
Las actividades económicas D. los socios a las que se dedican son el comercio como por ejemplo venta D. medicamentos, venta D. productos secos, venta D. animales menores como pollos y cuyes, venta comestible y venta D. bebidas alcohólicas como la chicha y otros brindan servicio D. azafata. El banco comunal tiene varios ciclos D. funcionamiento, como manifiestan las socias, se encuentran contentas y satisfechas con los servicios D. crédito, ahorro y capacitación, por el tiempo D. permanencia en el banco comunal un aspecto D. valoración es el ahorro por la posibilidad D. capitalización que les brinda este servicio.
Yessica es socia nueva del banco comunal Wayna Ccapac, tiene 28 años D. edad, es conviviente y tiene un hijo, ella se dedica a la venta D. medicamentos. La socia Yessica nos cuenta que hoy en día en el Perú es difícil encontrar trabajo permanente pero como ella es una mujer joven y emprendedora decidió abrir su propio negocio y así D. esta manera ayudar al ingreso económico del hogar, ella requiere el crédito para comprar más medicamentos.
Los socios en general agradecen la oportunidad brindada y se comprometen a cumplir con el pago D. sus diferentes cuotas en los plazos establecidos. (Los socios Reynaldo y Sonia no están en la fotografía porque pedieron permiso a la junta directiva para no estar presentes el día del desembolso).
Important InformationAbout Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid